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Houston American Energy ( (HUSA) ) has shared an update.
On July 1, 2025, Houston American Energy Corp. completed its acquisition of Abundia Global Impact Group, creating a leading company in the conversion of waste plastics into low-carbon fuels and chemical products. This strategic acquisition aims to leverage Houston American Energy’s public market platform to accelerate Abundia’s growth and scale its technology, with plans to develop large-scale recycling projects in the U.S. Gulf Coast. The combined company, led by Abundia’s founder Ed Gillespie as CEO, positions itself to capitalize on the growing demand for renewable fuels and sustainable aviation fuel, offering shareholders a ready-made platform for future value generation.
More about Houston American Energy
Houston American Energy Corp. is a renewable energy company focused on converting waste materials into valuable low-carbon fuels and chemicals. Through its proprietary pyrolysis technology, the company addresses the global plastic waste crisis while supplying high-demand products like sustainable aviation fuel and recycled feedstocks to the energy and chemical industries.
Average Trading Volume: 1,384,166
Technical Sentiment Signal: Sell
Current Market Cap: $22.94M
See more data about HUSA stock on TipRanks’ Stock Analysis page.